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Where Working Capital Is Working Best

For the largest U.S. organizations, the cash conversion cycle continues to shrink, driven by extensions in payment terms. But some companies have a lot of ground to cover before they reach the working capital efficiency of the top-tier firms.

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Multinational companies’ cash conversion cycle continues to shrink, driven by improvements in days payables outstanding (DPO), according to this year’s “U.S. Working Capital Survey” by The Hackett Group. The study examined the 2017 annual reports from the 1,000 largest non-financial companies that have headquarters in the United States. The cash conversion cycle for these organizations is currently 33.8 days, a 4 percent improvement over 2016.

Treasury and Risk

Treasury and Risk

Treasury and Risk Staff Writers

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